AP NEWS

Thank Trump For Rising Costs Of Goods

May 21, 2019

Editor: It is frightening just how ignorant Trump is concerning economics. He has stated, “Billions of dollars are pouring into the coffers of the USA because of the tariffs being charged to China.” Except they are not. Tariffs are paid by importers of Chinese goods, not the Chinese. American importers in turn pass those tariffs on to American consumers in the form of higher prices on their goods. It is American consumers who are ultimately paying Trump’s tariffs. So, if you need to pay an additional couple of hundred dollars on your next appliance or electronics purchase (to name only a few), you have the president to thank. Tom Bubul WEST PITTSTON

All contents © copyright 2019 The Associated Press.All rights reserved.